Business
Business, 25.02.2020 17:52, QueenNerdy889

Using contribution margin format income statement to measure the magnitude of operating leverage LO 11-3, 11-4The following income statement was drawn from the records of Rundle Company, a merchandising firm:RUNDLE COMPANYIncome StatementFor the Year Ended December 31, 2018Sales revenue (6,500 units à $161) $ 1,046,500 Cost of goods sold (6,500 units à $87) (565,500)Gross margin 481,000 Sales commissions (5% of sales) (52,325)Administrative salaries expense (81,000)Advertising expense (33,000)Depreciation expense (44,000)Shipping and handling expenses (6,500 units à $2) (13,000)Net income $ 257,675 Required:Reconstruct the income statement using the contribution margin format. Calculate the magnitude of operating leverage. Use the measure of operating leverage to determine the amount of net income Rundle will earn if sales increase by 20 percent. Reconstruct the income statement using the contribution margin format.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, robertsabbiegale
Add the mips assembly language instructions (after main: ) to complete the following (in this order). do not skip steps. use other registers as needed. actions: 1. initialize the register $s0 to 35 2. prompt the user to enter a number, read the number and then put it into register $s1 3. prompt the user to enter a number, read the number and then put it into register $s2 4. store the value in $s1 into the memory at address 0x10010000. 5. store the value in $s2 into the memory at address 0x10010004. 6. calculate the value of $s0 - $s1 $s2 and store the result in the memory at address 0x10010008. 7. print the following output each on its own line. you will need to determine the location of each of the strings from the beginning of the memory segment a. your name b. the value in address 0x10010000 c. the value in address 0x10010004 d. the value in address 0x10010008 8. exchange or swap the values in $s1 and $s2 9. set the value in $s0 to -$s0
Answers: 2
image
Business, 21.06.2019 23:10, SmokeyRN
Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)
Answers: 1
image
Business, 22.06.2019 03:40, josie122
Your parents have accumulated a $170,000 nest egg. they have been planning to use this money to pay college costs to be incurred by you and your sister, courtney. however, courtney has decided to forgo college and start a nail salon. your parents are giving courtney $20,000 to her get started, and they have decided to take year-end vacations costing $8,000 per year for the next four years. use 8 percent as the appropriate interest rate throughout this problem. use appendix a and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. how much money will your parents have at the end of four years to you with graduate school, which you will start then?
Answers: 1
image
Business, 22.06.2019 05:10, srice6
1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.
Answers: 1
Do you know the correct answer?
Using contribution margin format income statement to measure the magnitude of operating leverage LO...

Questions in other subjects: